As of yesterday local time, Intel unveiled plans to issue stocks valued at approximately $15 billion, a figure that could rise above $20 billion should the over-allotment option be fully utilized. Insiders close to the situation revealed that Intel intends to set the issue price per share at approximately $95. As of the time of reporting, Intel's after-hours stock price was recorded at $97.31, down from the previous trading day's closing price of $101.65. This stock issuance has garnered subscription demand exceeding $100 billion. However, the exact transaction size and final pricing remain pending, and an Intel spokesperson has refrained from making any comments.
